Update on JosephJoseph, aged 36 years, is a married man living in Kagadi, Uganda. He owns a produce store in the same town a business he has done for three years having started with farming. Price fluctuations and inadequate capital are affecting the growth of his business.
He dreams of building a permanent house for residence and educating his five children to attain degrees as a minimum qualification, while his business dream is to become the leading produce supplier in the region. Joseph is requesting a loan to buy maize and beans to sell.
Previous Loan DetailsJoseph is a thirty-five-year-old married man with four children living in Kagadi, Uganda. He operates a produce business dealing in beans and maize which he buys from farmers at a low price and sells in town at slightly higher price. He started from farming on a small scale then started this… More from Joseph's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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